Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

The market has stabilized, the first signs of a downtrend appeared

February 8, 2021 7:04:08 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Sell
StatusClosed (1.2785)
7:00
7:00
Feb. 8, 2021

-70 p
1.2855
Stop Loss
1.2785
Entry
+70 p
1.2715
Target 1
Chart & Analyst Comments
main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. This zone is of an interest of a big player. We are expecting the price decrease of USDCAD and the achievement of this goal within the current day.
    index: 1x 0.032509088516235s
t_/pages/forecast: 1x 0.029573202133179s
t_/common/header-new: 1x 0.018847942352295s
t_/common/head: 1x 0.015851020812988s
t_/common/footer-new: 1x 0.0025379657745361s
router_page: 1x 0.0013329982757568s
router: 1x 0.00065994262695312s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00024819374084473s
router_redirection: 1x 0.00010490417480469s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-07-06 15:26:07)  -----